Business · South Africa
Gold Prices Dip After Four Days of Gains as Traders Sell for Profit
Moneyweb · 2026/02/24
Summary
Gold prices fell by 0.8% to $5,185.43 per ounce after rising for four days straight. This drop shows that some traders are selling their gold to take profits. Gold often moves up and down based on global market conditions, and this recent dip may be temporary. While gold is seen as a safe investment during uncertain times, short-term price changes are common. For South Africans, who often view gold as a way to protect against inflation and currency risk, understanding these fluctuations is important. Investors should watch the market closely and consider their long-term goals before buying or selling gold.
OnABudget takeaway: For everyday investors and small business owners, this profit-taking in gold means it's a good time to review your investments carefully instead of reacting to short-term price moves. Consider your financial goals and budget before buying or selling gold.